Prepare Yourself for Liftoff: Esports Entertainment Group Inc. (GMBL)

Esports Entertainment Group Inc. (NASDAQ: GMBL) stock jumped 3.70% on Monday to $0.08 against a previous-day closing price of $0.08. With 10.43 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.74 million shares. During the session, the Gambling company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.0850 whereas the lowest price it dropped to was $0.0766. The 52-week range on GMBL shows that it touched its highest point at $3.70 and its lowest point at $0.07 during that stretch. Beta for the stock currently stands at 1.33.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GMBL was up-trending over the past week, with a rise of 4.61%, but this was down by -10.35% over a month. Three-month performance dropped to -39.48% while six-month performance fell -80.00%. The stock lost -97.02% in the past year, while it has gained 9.66% so far this year. A look at the trailing 12-month EPS for GMBL yields -3.83 with Next year EPS estimates of -0.42. For the next quarter, that number is -0.09. This implies an EPS growth rate of -112.40% for this year and -13.50% for next year.

Float and Shares Shorts:

At present, 77.99 million GMBL shares are outstanding with a float of 73.12 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.42 million, which was 3.42% higher than short shares on Sep 14, 2022. In addition to Mr. Grant R. Johnson B.A. as the firm’s CEO, Chairman, Pres, Sec. & Treasurer, Mr. Damian Mathews C.A. serves as its COO, CFO & Director.


Institutional Ownership:

Through their ownership of 4.06% of GMBL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.86% of GMBL, in contrast to 15.19% held by mutual funds. Shares owned by individuals account for 0.67%. As the largest shareholder in GMBL with 9.06% of the stake, Ayrton Capital LLC holds 7,065,000 shares worth 7,065,000. A second-largest stockholder of GMBL, Sabby Management LLC, holds 1,154,302 shares, controlling over 1.48% of the firm’s shares. Walleye Capital LLC is the third largest shareholder in GMBL, holding 945,503 shares or 1.21% stake. With a 0.43% stake in GMBL, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 338,557 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.14% of GMBL stock, is the second-largest Mutual Fund holder. It holds 110,717 shares valued at 8525.0. Fidelity Series Total Market Inde holds 0.04% of the stake in GMBL, owning 34,598 shares worth 2664.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GMBL since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GMBL analysts setting a high price target of $0.15 and a low target of $0.15, the average target price over the next 12 months is $0.15. Based on these targets, GMBL could surge 87.5% to reach the target high and rise by 87.5% to reach the target low. Reaching the average price target will result in a growth of 87.5% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GMBL will report FY 2023 earnings on 10/12/2023. Analysts have provided yearly estimates in a range of -$0.31 being high and -$0.43 being low. For GMBL, this leads to a yearly average estimate of -$0.37. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Esports Entertainment Group Inc. surprised analysts by $0.07 when it reported -$0.11 EPS against a consensus estimate of -$0.18. The surprise factor in the prior quarter was $0.25. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.10. The average estimate for the next quarter is thus -$0.09.

Summary of Insider Activity:

Insiders traded GMBL stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 3,603,334 while 3,353,334 shares were sold.

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